NorthAmOil - North America Oil & Gas

Double Eagle raises $1.7bn for new Permian venture

US energy developer Double Eagle announced on June 19 that it had raised $1.7bn from a group of investors to form Double Eagle Energy Holdings IV and Tumbleweed Royalty IV.

Microsoft contracts Enchanted Rock to develop California’s largest microgrid supported by biogas

Microsoft has contracted Enchanted Rock of Texas to develop California’s largest microgrid supported by renewable natural gas (RNG) or biogas. The data centre is in Silicon Valley near San Jose.

NorthAmOil: Targa to buy Lucid in $3.6bn Permian acquisition

Targa Resources announced on June 16 that it had struck a deal to buy Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn in cash.

US-EU launch pathway to curb emissions

Targa to buy Lucid in $3.6bn Permian acquisition

Targa Resources announced on June 16 that it had struck a deal to buy Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn in cash.

Biden clashes with refiners amid high prices

US President Joe Biden has criticised the energy industry for historically high refining margins, and continues to push refiners to ramp up output.